Endeavor Investor Sues Over $25 Billion Silver Lake Buyout Value DO NOT USE

Endeavor Group Holdings Inc. and the private equity firm that bought it out low-balled to investors the true value of the entertainment company’s shares before its take-private deal, a proposed class action said.

Endeavor, Silver Lake Group LLC, and directors involved in the deal falsely represented the $27.50-a-share buyout was fair and in the best interests of public shareholders, an investor told the US District Court for the Central District of California.

Investors “were injured when they sold their shares at artificially deflated prices into the open market and forfeited their appraisal rights” before the deal completed, said the ...